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SONO

Sonos

$10.32

-0.5 (-4.62%)

, GOOG

Alphabet

$1,133.14

-31.86 (-2.73%)

09:16
05/14/19
05/14
09:16
05/14/19
09:16

Sonos to integrate Google Assistant into sound experience

Sonos (SONO) brings the smart control of the Google Assistant (GOOG, GOOG) to Sonos' sound experience. Use voice with the Google Assistant built-in to Sonos One or Sonos Beam, or with a connected Google Home product to easily start a song, queue a TV show, check the weather, and control the smart home. The free software update will be available starting today in the United States. Support in the UK, Germany, Canada, Australia, France, and The Netherlands comes in July with additional countries to follow on a rolling basis over the coming months. The Google Assistant is Sonos' second built-in voice assistant. Customers on Sonos will have the ability to choose an assistant for each individual speaker, with multiple voice assistants on a single system. With the Google Assistant on Beam in the living room and Alexa on the Sonos One in the kitchen, start a song with the Google Assistant, ask Alexa what's playing, and vice versa. Not just music and TV, Sonos will support the Google Assistant's top first party actions and features, including Continued Conversation, Broadcast mode, and the ability to choose a different voice for the assistant. Bringing the richness of the Google ecosystem and integration within the smart home, the Google Assistant on Sonos also includes more than one million actions from partner products. Additional features and actions will be available through ongoing updates, bringing even more to the Google Assistant experience on Sonos.

SONO

Sonos

$10.32

-0.5 (-4.62%)

GOOG

Alphabet

$1,133.14

-31.86 (-2.73%)

GOOGL

Alphabet Class A

$1,137.35

-30.56 (-2.62%)

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SONO Sonos
$10.32

-0.5 (-4.62%)

02/07/19
STFL
02/07/19
NO CHANGE
Target $14
STFL
Hold
Sonos price target lowered to $14 from $20 at Stifel
Stifel analyst Matthew Sheerin said Sonos management outlined several near-term issues, including weaker than expected sales late in the quarter, soft demand in Europe and the delayed launch of IKEA products with Sonos speakers. While the company maintained its FY19 targets for sales and EBITDA growth, he is cutting his estimates to the low end of the company's ranges due to lack of visibility and competition concerns. Sheerin lowered his price target on Sonos shares to $14 from $20 and keeps a Hold rating on the stock.
03/27/19
STFL
03/27/19
NO CHANGE
Target $13
STFL
Hold
Sonos estimates adjusted for later than expected Ikea launch at Stifel
Stifel analyst Matthew Sheerin noted that Ikea has released a photo of its new Sonos-powered speaker, the "Symfonisk," which will be available in August. The device appears to be powered by Sonos' low-end speaker, though it is unclear whether it will be voice-enabled and pricing isn't yet available, said Sheerin. Given the delayed launch of the Sonos-powered speaker line by Ikea and channel inventory reductions in the March quarter, Sheerin lowered his March-quarter estimates and raised estimates for the back half of 2019. The analyst, who maintains his FY19 and FY20 revenue and margin estimates, keeps a Hold rating on Sonos shares and trimmed his price target on the stock to $13 from $14.
04/01/19
DADA
04/01/19
INITIATION
DADA
Buy
Sonos initiated with a Buy at DA Davidson
DA Davidson analyst Tom Forte initiated Sonos with a Buy rating and $20 price target. The analyst was positive on the company's "core competencies in both hardware and software," their "eye for design," and the "open-ended possibilities to advance its efforts in the connected home and audio segments." Forte also believes Sonos could expand to the automotive and portable markets in the future.
04/02/19
04/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Buy at Cross Research and a Sell at Seaport Global. 2. Dow Inc. (DOW) initiated with an Outperform at BMO Capital and Credit Suisse, an Overweight at Morgan Stanley, as well as a Buy at Deutsche Bank and BofA/Merrill. 3. Sonos (SONO) initiated with a Buy at DA Davidson. 4. Q2 Holdings (QTWO) initiated with an Outperform at William Blair. 5. Intuitive Surgical (ISRG) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOG Alphabet
$1,133.14

-31.86 (-2.73%)

04/30/19
OPCO
04/30/19
NO CHANGE
Target $1342
OPCO
Outperform
Alphabet price target lowered to $1,342 from $1,435 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for Alphabet to $1,342 from $1,435 following quarterly results, while reiterating an Outperform rating on the shares. Despite weaker ad results and lower core margins year over year, the analyst notes that Alphabet is a "cash cow," dominating search, and compounding its core business, with numerous new initiatives at just 11-times 2020 EBITDA and 21-times free cash flow.
04/30/19
04/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying Alphabet revenue growth in last night's Q1 results dropped below 20% for the first time since Q2 of 2015. 2. Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities. 3. Trade Desk (TTD) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey saying he believes shares are currently fairly valued given the company's growth and opportunities in mobile and Connected TV. 4. ADP (ADP) downgraded to Market Perform from Outperform at Bernstein while Paychex (PAYX) was downgraded to Underperform from Market Perform. 5. Trex Company (TREX) downgraded to Neutral from Buy at B. Riley FBR with analyst Alex Rygiel citing near-term profit margin pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/19
05/08/19
UPGRADE
Target $25

Buy
Criteo upgraded to Buy at SunTrust on 'manageable' Chrome changes
As previously reported, SunTrust analyst Matthew Thornton upgraded Criteo (CRTO) to Buy from Hold as he sees the new data privacy developments in Google's (GOOG) Chrome look manageable, reducing the "major overhang" to the stock. Further, the analyst believes valuation is "compelling," and buybacks could provide a tailwind. Thornton also raised his price target on Criteo's shares to $25 from $24.
05/13/19
MSCO
05/13/19
DOWNGRADE
Target $7
MSCO
Equal Weight
ADT Inc. downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Toni Kaplan downgraded ADT Inc. (ADT) to Equal Weight from Overweight as she has less confidence in the company's growth outlook following a recent AlphaWise survey conducted by the firm. The survey showed homeowners seem as inclined to buy DIY systems as ADT systems, that more ADT customers switched to DIY providers than she would have expected and that measure of brand preference for Amazon's (AMZN) Ring and Google's (GOOG) Nest were higher than for ADT, Kaplan explains. Given that the survey leads her to fear ADT may find it difficult to defend its market share, Kaplan lowered her price target on the stock to $7 from $9.
GOOGL Alphabet Class A
$1,137.35

-30.56 (-2.62%)

05/01/19
DZBN
05/01/19
DOWNGRADE
DZBN
Hold
Alphabet downgraded to Hold from Buy at DZ Bank

TODAY'S FREE FLY STORIES

UTX

United Technologies

$125.30

0.45 (0.36%)

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Sony

$51.42

1.735 (3.49%)

19:15
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Fly Intel: Top five weekend stock stories »

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SNE

Sony

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1.735 (3.49%)

GRUB

GrubHub

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AMZN

Amazon.com

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GS

Goldman Sachs

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DB

Deutsche Bank

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BA

Boeing

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RTN

Raytheon

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MCK

McKesson

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GM

General Motors

$35.66

-0.36 (-1.00%)

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T

AT&T

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0.06 (0.19%)

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Comcast

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0.62 (1.49%)

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T

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Comcast

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Sony

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LGF.A

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DIS

Disney

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VIAB

Viacom

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Viacom

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GS

Goldman Sachs

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DB

Deutsche Bank

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UAL

United Continental

$87.10

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16:35
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Tires blow on United jet during Newark airport landing, Reuters reports »

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TGT

Target

$87.83

-0.48 (-0.54%)

16:33
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Target registers back online after outage blamed on tech issue, Reuters says »

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INTC

Intel

$46.18

-0.54 (-1.16%)

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Intel announces program for Israeli startups targeting tech inflections »

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BA

Boeing

$347.19

-1.54 (-0.44%)

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Periodicals
Boeing says will take time to rebuild customer confidence, Reuters reports »

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

16:19
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Goldman Sachs skeptical of 'insurance' rate cuts from Fed, Reuters says »

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BA

Boeing

$347.19

-1.54 (-0.44%)

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16:16
Periodicals
Trials nearing for Boeing 737 Max fix, WSJ reports »

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ESLT

Elbit Systems

$154.55

0.55 (0.36%)

13:41
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Elbit Systems awarded $50M contract »

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AMGN

Amgen

$176.09

-0.74 (-0.42%)

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SILK

Silk Road Medical

$44.80

-0.95 (-2.08%)

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EDIT

Editas Medicine

$21.72

-0.78 (-3.47%)

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SNSS

Sunesis

$0.90

-0.055 (-5.79%)

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Sunesis announces preliminary data from Phase 1b/2 trial of Vecabrutinib »

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APLS

Apellis

$21.22

-0.14 (-0.66%)

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Apellis presents data from ongoing Phase 2 PLAUDIT study of APL-2 »

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FTSV

Forty Seven

$10.55

-0.02 (-0.19%)

13:16
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Forty Seven announces data from Phase 1b/2 trial of 5F9 in combo with Rituximab »

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AZN

AstraZeneca

$39.68

-0.23 (-0.58%)

13:06
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AstraZeneca announces results from interim analysis of Phase 2 ASCEND trial »

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STRO

Sutro Biopharma

$11.17

-0.34 (-2.95%)

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Sutro Biopharma announces interim Phase 1 safety data for STRO-001 »

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BPMC

Blueprint Medicines

$90.65

-0.35 (-0.38%)

12:59
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Blueprint Medicines presents updated EXPLORER trial data for Avapritinib »

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  • 18

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INCY

Incyte

$77.76

1.385 (1.81%)

12:52
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Incyte announced results from Phase 2 study of Ruxolitinib cream in vitiligo »

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ABBV

AbbVie

$78.69

-0.27 (-0.34%)

, INCY

Incyte

$77.76

1.385 (1.81%)

04:55
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06/16
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04:55
Conference/Events
European Hematology Association to hold a conference »

24th EHA Congress 2019…

ABBV

AbbVie

$78.69

-0.27 (-0.34%)

INCY

Incyte

$77.76

1.385 (1.81%)

ARQL

ArQule

$8.17

1.88 (29.89%)

AMGN

Amgen

$176.09

-0.74 (-0.42%)

ALXN

Alexion

$117.94

0.65 (0.55%)

AGIO

Agios Pharmaceuticals

$47.97

-1.78 (-3.58%)

AZN

AstraZeneca

$39.68

-0.23 (-0.58%)

BLUE

Bluebird Bio

$117.57

-6.33 (-5.11%)

BMY

Bristol-Myers

$47.57

0.25 (0.53%)

CELG

Celgene

$96.49

0.07 (0.07%)

NVS

Novartis

$89.52

-0.07 (-0.08%)

NSTG

NanoString

$25.96

0.45 (1.76%)

KPTI

Karyopharm

$5.71

-0.04 (-0.70%)

JAZZ

Jazz Pharmaceuticals

$130.43

0.28 (0.22%)

GSK

GlaxoSmithKline

$40.12

0.015 (0.04%)

GILD

Gilead

$66.38

-0.62 (-0.93%)

DSNKY

Daiichi Sankyo

$0.00

(0.00%)

PFE

Pfizer

$42.75

0.24 (0.56%)

PTLA

Portola Pharmaceuticals

$25.78

-0.31 (-1.19%)

QGEN

Qiagen

$39.52

-0.07 (-0.18%)

RHHBY

Roche

$0.00

(0.00%)

RIGL

Rigel Pharmaceuticals

$2.06

-0.06 (-2.83%)

SNY

Sanofi

$42.46

-0.225 (-0.53%)

SGEN

Seattle Genetics

$68.67

-0.33 (-0.48%)

STML

Stemline

$14.20

0.12 (0.85%)

VSTM

Verastem

$1.39

0.125 (9.88%)

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AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

, GRUB

GrubHub

$70.15

-2.76 (-3.79%)

13:28
06/15/19
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13:28
Periodicals
Amazon exit gives GrubHub stock boost, Barron's says »

Amazon (AMZN) is…

AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

GRUB

GrubHub

$70.15

-2.76 (-3.79%)

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ABC

AmerisourceBergen

$85.01

-1.46 (-1.69%)

, CAH

Cardinal Health

$44.16

-1.13 (-2.50%)

13:20
06/15/19
06/15
13:20
06/15/19
13:20
Periodicals
McKesson, Cardinal Health looking like bargains, Barron's says »

Investors have halved the…

ABC

AmerisourceBergen

$85.01

-1.46 (-1.69%)

CAH

Cardinal Health

$44.16

-1.13 (-2.50%)

MCK

McKesson

$133.19

-1.7 (-1.26%)

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